Ok, we still could be in the count that I listed above, but it is very doubtful. While it doesn't break the rules technically, ii have become a little extended. Dan's current count looks the best. Basically we are finishing the C wave of P2 up.
BPSPX:CPC still has not crossed, so there is still room to move up as it has retreated a bit.
I expected a retrace back down to the 50ma and then a bounce up now its looking like back down to the 20ma.
CPCI:CPCE still having issues, things turned strongly bullish.
Tuesday, October 6, 2009
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